News


Holcorp issues special warrants

Holcorp Gold Mines (CDN) has raised proceeds of US$480,750 through a recent issue of 640,999 special warrants. Each special warrant entitles the holder to acquire, at no extra cost, one common share a…


Drilling starts at Polaris-Taku

Drilling is now under way at the Polaris-Taku gold property, about 65 miles south of Atlin, B.C. Suntac Minerals (VSE) is earning a 60% interest in the property from Rembrandt Gold Mines (ASE). To dat…


Tests inconclusive at Trail smelter

Revisions to the problem-plagued QSL lead smelter at Trail, B.C., will remain on hold while test work continues aimed at resolving major process and mechanical difficulties which forced a shutdown of …


Financing (July 29, 1991)

Omax Resources Ltd. – 500,000 shs offered @ 50 cents per sh. Tombstone Explorations Co. Ltd. – 800,000 units consisting of 1 sh and 2 series “A” purch wts offered @ 45 cents per unit Jordex Resources …


Vendors, operators battle over NPI royalties

The confusion surrounding net profits royalties (NPIs) and their definition is resurfacing once again, this time in the form of a dispute between American Barrick Resources (TSE) and part-time prospec…


Placer Dome relocates offices for exploration

During the next 6-9 months, Placer Dome (TSE) plans to expand its international exploration presence and re-allocate resources in Canada. New exploration offices will be opened at Coral Gables outside…



Bull Run extends share purchase

Colorado-based Bull Run Gold Mines (NASDAQ) says its directors have extended the share repurchase plan approved last December. Under the extended plan, Bull Run may purchase up to two million of its c…


Renabie closing looms closer

Mining operations at the Renabie gold mine near Wawa, Ont., will cease permanently as early as Aug. 4 and no later than Sept. 30, says Renabie Gold Mines, a subsidiary of International Corona (TSE). A…


Toronto Stock Exchange Indices (July 29, 1991)

July 23 July 22 July19 July 18 July 17 High Low Composite”300″ 3535.37 3545.38 3561.30 3561.19 3541.83 4009.47 3009.91 Metals & Minerals3217.36 3258.41 3276.94 3299.99 3251.53 3453.06 2502.63 Integrat…


IOCC Gold Options (July 29, 1991)

Options Open Series Volume Last Interest The New York closing gold price was $367.60 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each …


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